─── SPECIALIST MICRO-ENTITY ACCOUNTANTS IN LONDON

FRS 105 Micro Entity Accounts in Weybridge

FRS 105 Micro Entity Accounts in Weybridge are prepared under the financial reporting framework designed for qualifying micro-entities that choose to apply the UK micro-entities regime. FRS 105 is a distinct accounting standard, and it can only be used where a company both qualifies for the regime and decides to adopt it — eligibility is not automatic and depends on the company’s size, its legal form and the applicable rules and exclusions. Professional preparation helps ensure the accounts are built up properly from your financial records, with the disclosures and presentation tailored to your company’s circumstances rather than simply copied from a template. If you run a small limited company in Weybridge and want to understand whether FRS 105 Micro Entity Accounts are a sensible route for you, the starting point is a straightforward conversation about your turnover, balance sheet and headcount, followed by a clear explanation of what the accounts will look like and how they fit alongside your other filing obligations.

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FRS 105 Micro-Entity Accounts

(Turnover up to £100K)

£499.00

£399.00

+vat

FRS 105 accounts preparation
Accounting records review
Micro-entity eligibility review
Companies House filing where applicable
Corporation Tax support where included
Director review
FRS 105 accounting support

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Trusted by Micro-Entity Businesses Across the UK

From newly incorporated companies to established owner-managed businesses, our clients trust us to prepare their accounts accurately and handle their annual filing requirements.

      EXCELLENT  
   Based on 300 reviews 
    
 
 
 
   
 
 
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   Jamie Fletcher 
 
 
 
 Trustindex verifies that the original source of the review is Google. It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.
  
 
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   Mansur Liman 
 
 
 
 Trustindex verifies that the original source of the review is Google. Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank you
  
 
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   Muna Mohamoud 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Imran to anyone looking for a reliable and knowledgeable accountant. He helped me sort out a very complicated backlog of accounts and prepared my overdue tax returns with professionalism and attention to detail. Throughout the process, he was incredibly patient, took the time to answer all of my questions, and explained everything clearly. He guided me through each step and helped rectify issues that had built up over time, making what felt like an overwhelming situation much more manageable. I'm very pleased with the service I've received and truly appreciate his support. If you need help with your accounts or taxes, I would highly recommend Imran.
  
 
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   Sergey M 
 
 
 
 Trustindex verifies that the original source of the review is Google. I had a positive experience with Accotax. The work was completed promptly, my tax return was successfully filed, and I received a refund of overpaid tax. I found the cooperation efficient and helpful. Special thanks to Muhammad Saifullah for his assistance.
  
 
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   Ebba Qureshi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Fabulous team at ACCOTAX - very efficient and good response time . Honest and professional with their work. I would highly recommend them even if you’re a young start up - or a large business they have it covered .
  
 
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   Mael Leboucher 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
  
 
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 Trustindex verifies that the original source of the review is Google. Imran provides a very dependable and straightforward accounting service. He is always responsive and professional when managing our accounts. Excellent support.
  
 
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   Martin Tyrrell 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have really impressed to date with all dealings with Accotax highly enough. From day one, they've made what can often be a complicated and stressful part of running a business feel straightforward and hassle-free. A special mention has to go to Anum, who has been friendly, incredibly responsive, and genuinely cares about providing the best possible service. No question is ever too much trouble, and she consistently goes above and beyond to make sure everything is dealt with efficiently. I wouldn't hesitate to recommend you to anyone looking for an accountant they can genuinely trust.
  
 
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   Matthew Lyon 
 
 
 
 Trustindex verifies that the original source of the review is Google. Great speedy service and very personable. Anum dealt with my income certificate and did everything quickly and helped me out massively. Very happy with the service provided.

─── FRS 105 EXPLAINED

FRS 105 Explained: The Micro-Entities Reporting Framework

FRS 105 is the UK financial reporting standard that sits alongside the micro-entities regime. In plain terms, it is the rulebook that sets out how a qualifying micro-entity should draw up its annual financial statements when it chooses to use that regime. The regime is optional: a company that qualifies can elect to apply it, and if it does, FRS 105 is the standard that applies to those financial statements. FRS 105 Financial Statements are deliberately streamlined, reflecting the simpler nature of a micro-entity’s affairs, and they are still expected to give a true and fair view of the company’s position. What FRS 105 is not is a tax return — it deals with how the numbers are recognised, measured and presented in your annual accounts for the members and for Companies House, whereas Corporation Tax is handled separately through a CT600. For a Weybridge micro-entity, the practical question is usually straightforward: does the company qualify for the micro-entities regime, and is FRS 105 the right fit for how the owner wants the business to be presented?

Who Can Use FRS 105 in the UK?

FRS 105 is intended for companies that qualify for the UK micro-entities regime and that choose to apply it. For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of 3 applicable size conditions: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Those conditions are a starting point rather than the whole test. Other eligibility rules and exclusions can apply, and some types of entity are not able to use the regime at all, so a company that comfortably meets the size thresholds cannot simply assume it qualifies. Directors also retain the choice of whether to adopt the regime, even where it appears to be available. For a Weybridge company, the sensible approach is to review the size conditions alongside the wider rules and the nature of the business, then decide whether FRS 105 Micro Entity Accounts are the right fit for how you want your financial statements presented.

A company generally needs to meet at least 2 of these 3 conditions.

Business Turnover

Annual Turnover of £1 Million or less. (£632,000 previously)

Balance Sheet

Balance sheet total of £500,000 or less.(£316,000 previously)

Company Size

On an average 10 or less employees (10 or less previously)

─── What We Review

Everything Your Micro-Entity Company Is Required to Get Right

Most compliance problems are not deliberate. They come from a missed deadline, an accounts template that no longer matches FRS 105, or dividends taken without the paperwork to support them. Our review covers each area in turn and reports back in plain English.

FRS 105 Balance Sheet

A statutory balance sheet prepared to the FRS 105 format, using the reduced disclosure the micro-entities regime allows.

Profit & Loss Account

A profit and loss account prepared for your own records and for your Corporation Tax computation, without public filing.

Required Notes & Disclosures

Preparation of the notes and disclosures required for the company's accounts under the applicable reporting requirements.

Corporation Tax Support

Separate Corporation Tax support can be provided where included in the agreed service. The Corporation Tax calculation is governed by tax rules rather than FRS 105.

Companies House Filing

Your FRS 105 accounts filed with Companies House in the correct format, before your accounts filing deadline.

Director Copy Pack

A full signed copy of your accounts and tax return, ready for your bank, mortgage lender or accountant records.

─── How It Works

How Our FRS 105 Preparation Process Works

Share Your Records

Send your bank statements, sales and purchase records, expenses and payroll details through our secure digital platform.

We Prepare Your FRS 105 Accounts

Our accountants confirm you qualify for the micro-entities regime, then prepare your accounts and CT600 from your records.

Review & Approve

We send draft accounts with clear explanations of the figures, and adjust anything before anything is submitted.

We File Where Required

Once approved, we can assist with the relevant Companies House filing and any separately agreed tax submission.

─── WHY CHOOSE US

Why Choose Our FRS 105 Accountants?

We keep micro-entity accounts straightforward, transparent and easy to manage for busy company directors.

FRS 105 Accounts Support

The micro-entities regime is all we do, so your accounts are prepared to the right standard first time.

Paperless Onboarding

Get set up in minutes with a fully digital, secure process — no printing, posting or office visits.

Deadline Management

We track your Companies House and HMRC deadlines and prompt you early so late filing penalties are avoided.

Clear, Transparent Pricing

One transparent fixed fee covers preparation, the tax return and both filings. No hourly billing.

─── WHO WE HELP

FRS 105 Support for Micro-Entities Across the UK

From one-director businesses and freelancers to startups, consultants and online businesses that qualify for the micro-entities regime.

One-Director Companies

Straightforward FRS 105 accounts and Corporation Tax filing for owner-managed limited companies.

Freelancers & Contractors

Accounts and compliance support for contractors trading through a qualifying limited company.

Startups & Small Companies

Practical support for newly incorporated companies filing their first set of micro-entity accounts.

Dormant & Low-Activity Companies

Dormant company accounts and FRS 105 accounts for LLPs that meet the micro-entity thresholds.

Professionally Prepared FRS 105 Accounts and Accurate Financial Reporting

Preparing FRS 105 Micro Entity Accounts properly starts with your underlying financial records — bookkeeping, bank transactions, invoices, expenses, payroll information and any asset or liability balances — and applies the recognition, measurement and disclosure requirements that apply to a micro-entity adopting the regime. Accurate financial reporting matters because the accounts are the formal record of your company’s position and performance, and because they underpin the numbers used elsewhere. It helps to keep two things clearly separate in your mind: the preparation of FRS 105 Financial Statements and their filing at Companies House is one exercise, while Corporation Tax, reported through a CT600 submitted to HMRC, is a separate exercise with its own rules and deadlines. Good preparation also means checking that the micro-entity regime genuinely suits your circumstances, flagging anything that may need a different approach, and explaining the choices made so you understand what has been submitted on your company’s behalf. The aim is accounts that are prepared carefully, presented clearly and supported by a records trail you can stand behind.

ICAEW

ACCA

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Get Help With Your FRS 105 Micro Entity Accounts in Weybridge

If you would like to talk through your FRS 105 Micro Entity Accounts in Weybridge, get in touch and we will discuss your company’s circumstances, how it has been trading and what you need from your annual accounts. It helps to have a few basics to hand — your latest set of accounts or figures, an idea of your turnover, balance sheet total and average employee numbers, and details of any significant transactions during the period. From there we can look at whether the micro-entities regime appears to be available to your company, how FRS 105 would apply in practice, and how your accounts sit alongside your other filing obligations. There is no obligation and no jargon — just a clear, practical conversation about what is involved and the fixed-fee options available.

─── FAQs

FRS 105 Accounts Preparation FAQs

Still unsure where you stand? Reach out to our UK team at info@microentityaccounts.co.uk and we will review your filing history with you.

What is FRS 105?

FRS 105 is the UK financial reporting standard that applies to companies using the micro-entities regime. It sets out how a qualifying micro-entity should recognise, measure and present its annual financial statements, and it is intentionally simpler than the standards used by larger companies. FRS 105 is a reporting framework — it governs the accounts, not your tax return.

Who can use FRS 105?

FRS 105 is available to companies that qualify for the micro-entities regime and then choose to apply it. Qualification is based on size conditions and is also subject to a range of rules and exclusions, so some companies that look small on paper may not be eligible, and certain entity types are excluded altogether. Because eligibility depends on the specific facts, it is worth checking your position rather than assuming.

Is FRS 105 compulsory for every micro-entity?

No. The micro-entities regime is an available accounting regime, not a mandatory one. A company that qualifies can elect to apply it — and if it does, FRS 105 is the standard that applies — but qualifying companies may instead prepare accounts under a different framework. The choice is one of several decisions you make about how your accounts are presented.

What are the current micro-entity eligibility criteria?

For accounting periods beginning on or after 6 April 2025, a company generally needs to meet at least 2 of these 3 conditions: turnover of no more than £1 million, a balance sheet total of no more than £500,000, and an average of no more than 10 employees. Meeting the size conditions is not the whole story, however — other eligibility rules and exclusions apply, so the size test alone does not guarantee that a company can use FRS 105.

What is the difference between FRS 105 and FRS 102?

FRS 102 is the wider UK financial reporting standard used by many small and medium-sized companies, and it includes a reduced disclosure option for those that qualify as small. FRS 105 goes further in simplifying presentation and disclosure because it is aimed specifically at micro-entities. The two frameworks can produce different figures in places, particularly around fair value and revaluations, so a change between them is not purely cosmetic.

Do FRS 105 accounts need to be filed with Companies House?

FRS 105 Micro Entity Accounts form the basis of the annual accounts that a company files at Companies House, where the company is required to file accounts and the filing requirements for its size and type are met. The accounts filed are prepared from your financial records and presented in line with the framework you have adopted. Filing at Companies House is separate from reporting your Corporation Tax position to HMRC.

Is a Corporation Tax Return (CT600) separate from FRS 105 accounts?

Yes, they are two distinct exercises. FRS 105 deals with how your annual accounts are prepared and presented, and those accounts are filed at Companies House. A CT600 is the Corporation Tax return submitted to HMRC, and while the two should be consistent with one another, they are prepared and submitted under different rules and to different bodies.

Can a new limited company use FRS 105?

A newly incorporated company can potentially use FRS 105 in its first accounting period if it qualifies for the micro-entities regime and chooses to apply it. New companies should look at their expected turnover, balance sheet position and employee numbers rather than their first few months of trading alone, and they should also check that none of the exclusions apply to their circumstances.

What information is needed to prepare FRS 105 accounts?

Typically you would provide your bookkeeping records or a trial balance for the period, bank statements and reconciliations, details of debtors and creditors, fixed asset and stock information where relevant, payroll or employee numbers, and any significant one-off transactions. If accounts have been prepared before, the previous period's figures are helpful for comparison. Clear, complete records make the process smoother and reduce the number of queries that come back to you.